Wednesday, June 16, 2010
Ready to boost your savings accounts?
My high school job was babysitting 3 kids for our family friends. Since I was not a big fan of debit cards or credit cards, I used cash for everything. I couldn’t wait to get paid so that on my way home I could stop and spend $4 on a hot fudge ice cream from our local ice cream shop. Since most of the time I would get change back, I would save all my coins in a jar.
For 3 years, I faithfully saved loose change. And one day (in college) I decided to count my coins and buy something nice for myself. At first I considered taking all the coins to a coin counter at a local grocery store, but changed my mind after realizing that I would have to pay for my money to be counted. Well, I liked math so I decided to count all the coins and roll them myself.
The whole rolling process took me no time, because TV kept me company. When I finished and added up all the numbers, I had over $300 dollars!!! I decided to buy my very first digital camera. I recall looking at different models and was struck with all the choices. Do I want a colorful camera or a gray one? Well, I decided to stick with Sony silver finish digital camera that has faithfully served me now for almost 5 years. I know we are a little bit behind on new technology, but our camera works great!
The point of me sharing about my digital camera is to show that every penny can add up. I challenge you to stop spending your loose change and instead put it all in a “cookie” jar. You can also use the same concept and save all the $1 dollar bills. You will be surprised how quickly money adds up and you won’t even miss your coins. My husband and I have been saving our change now for several years with hopes of using it one day during our vacation to Ireland. Although this trip is ways away, it is never to early or too late to start saving.